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Saturday, January 30, 2016

ST Engineering

ST Engineering - 31st Jan 2016

ST Engineering seems to be bounced off from the low of $2.80 and closed higher at $2.87 on last Friday - 29th Jan 2016. Let's hope that it will be able to head higher to retest $2.92 soon!


Both MACD & RSI are showing sign of a positive divergence that may provide further indication that the share price may continue to head higher.

ST Engineering is perhaps one of the resilient defensive stock that is holding up well in this bearish STI market condition.

Breaking out of $2.92 with good volume that may propel to drive the share price higher towards $3.00 with extension to $3.05.

(trade base on your own decision)

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